MCS Valuations (MCSV) has announced the closing of its Sandy, Utah, office and the move of all of its operations to the Mortgage Contracting Services (MCS) headquarters in Plano, Texas, and MCS offices in Tampa, Florida, and Ruston, Louisiana.
MCSV, a nationwide provider of appraisals, broker price opinions, and other valuation-related products to the financial services industry, became part of MCS in September 2014 when it was purchased from Irvine, California-based CoreLogic. All MCSV employees will have the opportunity to relocate to either the Plano, Tampa, or Ruston offices and expand the company's valuations operations teams.
"After nearly a year of evaluating the skills and experience of our management and staff in our various offices, we made the business decision that we could best serve our valuations customers by consolidating our valuations operation into our other locations," MCSV CEO Caroline Reaves said. "This will allow us to leverage our quality control, audit and business continuity capabilities, and better serve our clients by supporting all our products at centralized sites."
MCS Valuations performs property valuations in all 50 states and surrounding territories with a product suite that includes BPOs, appraisals, and evaluations. The company delivers data integrity and valuation accuracy for use throughout the life cycle of a loan and has a long history of providing data-validated products that utilize quality industry leading-tools and excellent customer service.
Update: An earlier version of this story indicated that MCS had been purchased by CoreLogic in 2014. In fact, MCS purchased MCSV (then called the "Collateral Solutions" business unit) from CoreLogic in 2014. We regret the error.